LINK Token Live for Borrowing & Lending

LINK has achieved $200k in initial seed and the pool is officially opened for lending and borrowing. For risk specifications and asset parameters, please refer to the Litepaper.

What’s next?

1. Once a governance proposal is passed successfully, the proposed token will be whitelisted for depositing (but not available for lending and borrowing). Collateral can be withdrawn at any time. ✔
2. If the proposed token reaches $200,000 in collateral deposited within 1 month, the pool will be officially opened for lending and borrowing. If the minimum collateral deposit is not met, the suggested token may be delisted. ✔
3. Proposer and Initial seeders will be rewarded after 2 weeks from the date the token is opened for lending and borrowing (a snapshot will be taken of all initial seeders). The initial seed must remain as collateral during these 2 weeks, failing which the apportioned rewards will not be distributed.

Wallet Addresses to receive Listing Incentives

$2,000 bMXX for Proposer
Core Team not entitled to Listing Incentives

$10,000 bMXX for Initial Seeders
0xba39…a5F7 = $6359
0x2335…4fEC = $2399
0x8Cb3…2fDB = $374
0x3d05…9ca3 = $159
0xE79B…C651 = $155
0xba39…a5F7 = $142
0xAF39…47CB = $98
0x0297…6D82 = $66
0x00aF…4560 = $52
0xABEB…0417 = $50
0xEAb9…f136 = $48
0xf988…c202 = $23
0x67dA…B676 = $22
0x94C4…11F0 = $21
0x3bd1…2E51 = $18
0xa5a5…564d = $10
0xba39…a5F7 = $4
0xC13e…8140 =$2

Listing Incentives Guidelines

• Initial seed is required to remain in the pool for 2 weeks until 26th April 2021 2pm SGT to qualify for listing incentives.
• Listing incentives will not be awarded in the event the initial seed is removed during the first 2 weeks. The percentage of listing incentives unawarded is in proportion with the percentage of initial seed removed by the user (bMXX incentives will remain un-minted and does not go to the next-in-line).
• Listing incentives will be transferred to the eligible addresses by 27th April 2021.